House prices

Patrick Crozier outlines his manifesto for becoming London Mayor on Samizdata.

David Sucher on City Comforts Blog makes a rather baffling assertation that house prices aren’t too high in the minds of the owners. Speaking as a London property owner, I’d just like to say “property prices are too high”.

Sucher says this:

It’s an interesting approach except for one little thing: few who currently own property would agree that “Property is too expensive.” Quite the contrary. Assuming that Londoners and Seattleites have similar values, which judging by the British blogs I read, they do — I suspect that most property-owners think values (not “prices,” thank you) are “about right” if not a tad low.